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Coin Bureau: BTC will fall

Said on Nov 7, 2022, at 7:27 in the video.

What was said
Coin Bureau

@coinbureau

“the fact that bitcoin's hash rate hasn't fallen yet is one of many signs that the BTC bottom is still coming”
Watch at 7:27Crypto News: ETH Updates, Arweave, Fed Hikes, Twitter & More!!
PredictionBTCwill fallChecked at fixed windows, from 30 days to 5 years
What happenedafter 1 year
Incorrect

Entry price (first close after the video)

$20,591

Nov 7, 2022

Price at close

$35,399

Nov 7, 2023

Return

+71.9%

S&P 500 +16.8%

BTC closed at $20,591 on Nov 7, 2022. On Nov 7, 2023 it closed at $35,399, a return of +71.9%. SPY returned +16.8% over the same window. The call was that it would fall.

30 days

Correct

90 days

Incorrect

180 days

Incorrect

1 year

Incorrect

Details and evidenceReport a problem

The window it was checked over

BTCWindow checked
$10,000$20,000$30,000$40,000$50,000May 2022Sep 2022Jan 2023May 2023Sep 2023Jan 2024Said on Nov 7, 2022
$10,000$20,000$30,000$40,000$50,000May 2022Nov 2022Jun 2023Jan 2024Said on Nov 7, 2022

BTC closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

Result at every window

All windows are shown, so none is picked
Result at every window
WindowResultAt the startAt the endChangeBenchmark
30 daysR-DIR v4Correct$20,591Nov 7, 2022$16,837Dec 7, 2022−18.2%S&P 500 +3.5%
90 daysR-DIR v4Incorrect$20,591Nov 7, 2022$22,933Feb 5, 2023+11.4%S&P 500 +9.0%
180 daysR-DIR v4Incorrect$20,591Nov 7, 2022$28,848May 6, 2023+40.1%S&P 500 +9.5%
1 yearR-DIR v4Incorrect$20,591Nov 7, 2022$35,399Nov 7, 2023+71.9%S&P 500 +16.8%
3 yearsR-DIR v4Incorrect$20,591Nov 7, 2022$101,346Nov 6, 2025+392.2%S&P 500 +83.8%
5 yearsR-DIR v4Pending——Nov 6, 2027——
Why: 30 days

BTC closed at $20,591 on Nov 7, 2022. On Dec 7, 2022 it closed at $16,837, a return of −18.2%. SPY returned +3.5% over the same window. The call was that it would fall.

Why: 90 days

BTC closed at $20,591 on Nov 7, 2022. On Feb 5, 2023 it closed at $22,933, a return of +11.4%. SPY returned +9.0% over the same window. The call was that it would fall.

Why: 180 days

BTC closed at $20,591 on Nov 7, 2022. On May 6, 2023 it closed at $28,848, a return of +40.1%. SPY returned +9.5% over the same window. The call was that it would fall.

Why: 1 year

BTC closed at $20,591 on Nov 7, 2022. On Nov 7, 2023 it closed at $35,399, a return of +71.9%. SPY returned +16.8% over the same window. The call was that it would fall.

Why: 3 years

BTC closed at $20,591 on Nov 7, 2022. On Nov 6, 2025 it closed at $101,346, a return of +392.2%. SPY returned +83.8% over the same window. The call was that it would fall.

Why: 5 years

Not yet resolved. The window closes Nov 6, 2027.

What was said around it

bitcoin's hash rate continues to climb and that means that the difficulty to mine BTC is also increasing to the untrained eye it looks like bitcoin's energy consumption will continue to grow exponentially just like during previous Cycles if you look closely however you'll notice that bitcoin's hash rate has fallen by between 40 and 50 percent around the time BTC bottomed save for the time Asics were introduced this makes sense because a crash in btc's price makes it less profitable to mine which in turn forces many Bitcoin miners to go bust the fact that bitcoin's hash rate hasn't fallen yet is one of many signs that the BTC bottom is still coming this therefore begs the question of what if anything would cause bitcoin's hash rate to Fall by 40 to 50 percent a baseless ban on Bitcoin mining in North America and Europe during the winter could well be the answer concerns around bitcoin's energy use however unscientific have continued to draw environmentally conscious investors to the second biggest crypto on the Block which is of course ethereum this is probably a part of why eth rallied so hard last week Fidelity opening its doors to eth likely contributed and if you watched our recent

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.

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